B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued MAORI HOUSING ACT, .1935 (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account foe the Year Ended 31st March, 1947 Receipts Payments Repayments by Maoris— £ £ Expenditure on dwellings— £ £ Principal .. .. .. .. .. 26,872 Purchases .. .. .. .. .. 10,278 Interest .. .. .. . . ~ 7,223 Erections .. .. . . ~ , . 83,742 34,095 Repairs and additions . . . . .. 17 445 Deposits against advances .. .. .. .. .. 6,228 Miscellaneous .. .. .. .. .. 118 Rehabilitation interest concessions .. .. .. 126 ] ] ] 583 Balance, withdrawal from Land for Settlements Account .. 71,403 Refunds of deposits .. .. .. .. '269 £lll >852 £11M52 Income and Expenditure Account for the Year Ended 31st March, 1947 Expenditure Income £ £ Interest on loan capital— £ £ Interest charged to loan accounts .. . . .. 7,714 Public Works Account .. .. .. 3,777 Less interest allowed on credit balances .. .. 191 Land for Settlements Account .. . . .. 2,505 7 523 6,282 Insurance rebates .. .. .. .. ~ ~ 57 Balance, being excess of income over expenditure .. .. 1,298 £7,580 £7,580

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